
GCC countries have jointly announced to introduce and implement VAT across the region, through a GCC VAT agreement signed by all member states. Each member state has been allowed to develop its own VAT Law & Regulations under the framework set by the GCC Agreement.
As part of this, Saudi Government has enunciated VAT Law & Regulations applicable across KSA. Chapter 3 of Article Fourteen of the VAT Regulations state:
"Tax is imposed on all Taxable Supplies of Goods and Services made in the Kingdom by a Taxable Person or received in the Kingdom by a Taxable Person in instances where the Reverse Charge Mechanism applies, as we as on Imports of Goods."
This prompts the work of setting VAT in the Accounting record of the company to be able to generate financial information in the manner, required by VAT Return Form, which is to be submitted with General Authority of Zakat & Tax (GAZT), alongside with in net due amount to be settled with GAZT within the deadline set by the regulations.
We will help you get VAT Registration and set-up your Accounting books, in a way, that you should be able to conveniently fill up VAT return form within the deadline set by the VAT Regulation.
Penalties have been set to the companies which fail to get VAT registration done on time and not been able to deposit net VAT due within the stipulated date to GAZT.
The EU 13th VAT Directive grants the right for a business establed outside the EU to recover VAT incurred in member status. We will help you recover your VAT incurred on eligible expenses on you business trips in some of the EU countries.
Previously, all your expenses on BUSINESS TRIPS are SUNK and irrecoverable for YOU. Now, here is an opportunity to reclaim your eligible expenses incurred ON YOUR BUSINESS TRIPS to some of the EU countries. We will co-ordinate on your behalf to Reclaim the eligible expenses you incurred on your business trips from the revelant tax authorities free of any fixed charge.
We have partnered with an International VAT recovery company which can help us recover your ELIGIBLE Expenses
Its a service devoid of any Fixed fee but we will share a portion of refunded amount. NO REFUND NO COST TO YOU